If you’re shopping for a home and want to know how much you can afford, use our loan calculator to quickly determine what your monthly payment will be.
This information provided is for educational purposes only and does not constitute a rate quote or credit approval, subject to change. Payments shown above reflect Conventional loan financing with a 20% down payment with no mortgage Insurance.
Why Rent when you can own?
It’s possible you could OWN a home for close to what you are paying monthly in rent. And you’ve got nothing to lose to find out!
Consider these advantages:
- Build Equity (increase wealth for your future)
- Gain tax advantages (mortgage interest is tax-deductible)
- Stabilize your payment (monthly payments are relatively steady on a fixed mortgage rate, vs. rent, which may be raised by the landlord.
- While market trends fluctuate, owning a home has historically proven to be a good long-term investment